Solana event shortened amid crypto crackdown in China: Report

The Solana Accelerate APAC series event held in Shenzhen on Tuesday was reportedly cut short after the venue exceeded capacity, leading local police to investigate and resulting in the cancellation of the final hackathon for public safety. However, the police presence fueled concerns among some attendees regarding China's ongoing crackdown on digital assets and speculative cryptocurrency activities, following recent statements from the People's Bank of China about increased enforcement. Meanwhile, in the United States, Solana-related financial products are gaining traction, with Grayscale launching its staking-enabled Solana ETF and Bitwise's Solana ETF debuting with significant assets, as the price of SOL has recently increased.

(Source：Cointelegraph)